Individuals that have or may be engaged in providing accommodation services through an online platform will have that data collected by the ATO. The data will range from the 2016/17 to 2019/20 financial years.
The details provided to the ATO will be linked via Australian bank information to the necessary taxpayers where applicable. For many people this will be a straightforward data matching process.
It is advisable to inform your client base of this program, so that if necessary they can commence voluntary disclosure procedures.
Recent Comments